What do you guys think of Peer to Peer Loans?

[Open123]

Just curious what are some of your thoughts on Peer to Peer loans?  Would you considering using the service to lower high interest CC debt?  Participate as a lender?

Thanks!

[CreditGuy03]

Some are higher interest however they are much easier to obtain than bank and credit union loans. If they can get those interest rates down I can see them putting banks and credit union loan departments out of business.

I hate that a credit union says they work for the members yet they deny members so many services

[Anonymous]

As long as my offer has a competitive interest rate, I'd definitely use peer to peer loans. I like the idea of my interest money going to a person rather than a bank. It'd also be nice to go through the process entirely online and not in a branch.